Company Of The Day: Target

TGT: Target logo


Target (NYSE:TGT) posted a mixed set of Q3 2022 results amid a tough economic environment and increased discounting. While revenue beat estimates, growing 3.4% year-over-year to $26.25 billion, adjusted earnings came in at a lower-than-expected $1.54 per share.

So What?

Relevant Articles
  1. Gaining 12% Year To Date, Will Q1 Results Drive Target’s Stock Higher?
  2. TGT Stock Up 21% YTD, What’s Next?
  3. Down 28% This Year Will Target Stock Rebound Past Q3?
  4. Will Target Stock Return To Pre-Inflation Shock Highs?
  5. Target’s Stock Is Down 20% This Year, What’s Next?
  6. Target Stock To Likely Trade Higher Post Q1 Results

Target stock fell by over 13% in Wednesday’s trading, as the company also lowered its guidance for Q4, projecting a year-over-year decline in comparable sales.

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Returns Nov 2022
MTD [1]
YTD [1]
Total [2]
 TGT Return -5% -33% 115%
 S&P 500 Return 2% -17% 77%
 Trefis Multi-Strategy Portfolio 4% -19% 221%

[1] Month-to-date and year-to-date as of 11/17/2022
[2] Cumulative total returns since the end of 2016

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